Primary menu

Cache County home sales during February weren’t exactly great. I thought we were going to see an improvement in home sales during February, but it wasn’t the case. Home sales were down 19% compared with February of last year and 8.7% compared with January.

Real estate inventory did see an increase since my last post, but it is still substantially down compared with February of last year. Right now Cache County has 711 MLS homes for sale. This is down by 5.5% compared with last month, and is even less than real estate inventory in March of 2009. Last years inventory may have been artificially high though as many sellers listed their homes early in homes of finding a buyer who was looking to take advantage of the home buyer tax credit. At February’s sales pace, the 711 homes for sale gives Cache County 16.9 months of active inventory.

Logan Home Sales for February 2011

The good news for Logan UT Real Estate is that home sales look like they will improve this month. There are currently 102 home listings under contract. At this time last month, there were only 71 under contract properties. This is the highest monthly total since November.…

Buying Logan Utah Real Estate:

Buying real estate can be one of the biggest decisions and investments you will ever make. This page will give you a little information to aid you in home buying and investment real estate transactions. Home ownership is the best way to build wealth and can help place you on the path to true financial freedom. As a buyers specialist, and member of the local MLS, I can sell you ANY, home for sale listed by real estate agents. I can walk you through the home buying process, refer you to trusted lenders, guide you through the complicated purchase process, and can help you save thousands on your home purchase. If your thinking of buying, there is no reason not to use a good buyers agent.
Home Buying Process

Buying your first home can seem overwhelming and impossible. First time home buyers wonder if they can afford it, how much money they need to have, and where to start. Here are some basic steps to buying your first Logan Home.
1. Figure out what you want, at a price you can afford.

Surprisingly, what you want and what you can afford are usually different. Search homes online and get an idea of how much it costs for so much home. Then, talk to a lender to get an approximate of what you can afford.
2. Get pre-approved for a loan.

To get pre-approved you need to meet with a mortgage lender. They examine credit, employment, debt, and income to determine what they can loan you, and at what rate. They will recommend loan products that best fit your needs.

There are many programs that require no money down, but your monthly payment will be lower if you can save something. Especially with increasing underwriting standards.
3. Tour Homes and find the home that is a winner.

Find homes online in your price range that look interesting, and then call, or e-mail me with the MLS#’s of those homes you’d actually like to see. If the present owner of the home still lives there, we should give them 24 hour notice before showing it. If it’s vacant, we can usually see it whenever. We will look at as many houses as it takes until we find one that you want.

4. Make a written offer

Once a house is found that you want to make your home, we make a written offer. In the offer, we negotiate not only price, but also possible concessions, possession date, and contingencies that must be met to make it a binding deal.

When we make the offer, you also make an earnest money deposit. The earnest money shows the seller you are serious about your offer. The more you put down, the more serious your offer looks. $500 – $1,000 is a typical earnest money deposit.

Your offer is then submitted to the seller’s agent, and they present it to the home seller. A little tip… when you find a house you like don’t wait. If you like it, there is a good chance somebody else will as well.
5. Wait for Offer to be accepted or countered

The offeree is usually given atleast 24 hours to respond to the offer. Unless your offer is near full price, it will likely be counter-offered. Then you get to decide if you want to accept their counter-offer. When both parties agree, we work to meet all contingencies.
6. Complete Necessary Inspections

Unless you are paying Cash, you will need an appraisal. Usually your lender will arrange the appraisal. The purpose of the appraisal is to verify that your home is really worth what you are buying it for.

You may also also want a home inspection. It is important that we complete the inspection by the contracted deadline in case the inspector finds red flags.
7. Finalize The Loan

Getting your loan to go through is sometimes the most painful part of the real estate purchase process. Even when you are pre-approved, underwriters often throw you through loops and require you provide all kinds of ridiculous information at the last moment.
8. Settlement

Settlement is where you actually sign all the paperwork. You, me, your lender, and a title officer meet at a Title Company. The title officer goes over all the paperwork, ensures that the dollar figures, pro rations, and arrangements are as agreed.
9. Recording

If you signed everything correctly, the title company disperses the funds, and records you as the new owner of the property on the county records. After this takes place, you usually have permission to move into your new property.

Regardless of your situation, we are here to help. Feel free to let us know what we can do or if you have any questions.…

Year Over Year Home Sales Improved in Logan:

The Logan Real Estate market is clearly not recovered from the great housing recession yet, but there are some positive signs.

January Home Sales were the best they’ve been since 2008, and up by 15% from last year. Reported thus far, 46 residential homes in Cache County have been reported as sold.

Logan Real Estate inventory has actually dropped over the last month from 716 listed homes to 714. Typically, the number of homes for sale increases from January to February, this is also a good sign for the real estate market. Although inventory is down from a month ago, there are still 17 more homes for sale in Cache County than there was at this time last year. At January’s sales pace this represents 15 months of active inventory, which is quite high.

The list price of real estate in Cache Valley continues to drop. Last month the median price of homes for sale was $179,900. This month that median price is down $5,400 to $174,500.…

Weber County Home Prices Keep Dropping:

Prices for Ogden Utah Real Estate keep going down. The average list price dropped more than $4,000 over the last month from $217,915 to $213,767. The median list price dropped by almost $3,000 and is now down to $156,950. Just two and a half years ago the median list price of Weber County Homes was 30% higher than it is now.

While list prices continue to plummet, average sales prices of Weber Real Estate have actually risen over the last few months. In December, the average sales price was $176,549. This is up 3.67% from the average sales price in November, and up by more than 5% from the average price a year ago. This is largely result of high numbers of high end homes that have sold, bringing the averages up; real estate values in Weber County aren’t actually rising. The December median sales price of $148,925 was down from last month, and almost even with December sales of 2009.

December home sales were on par with November, but were down 6.74% annually from sales in December of 2009.

January home sales are expected to be down from December, but up compared with January of 2010. There are currently 220 residential homes on the MLS that are under contract.

Real Estate inventory is down from December, and at its lowest point in a long time, but still higher than Inventory levels one year ago. Weber county currently has 2,102 residential listings for sale.…

Cache County home sales during February weren’t exactly great. I thought we were going to see an improvement in home sales during February, but it wasn’t the case. Home sales were down 19% compared with February of last year and 8.7% compared with January.

Real estate inventory did see an increase since my last post, but it is still substantially down compared with February of last year. Right now Cache County has 711 MLS homes for sale. This is down by 5.5% compared with last month, and is even less than real estate inventory in March of 2009. Last years inventory may have been artificially high though as many sellers listed their homes early in homes of finding a buyer who was looking to take advantage of the home buyer tax credit. At February’s sales pace, the 711 homes for sale gives Cache County 16.9 months of active inventory.

Logan Home Sales for February 2011

The good news for Logan UT Real Estate is that home sales look like they will improve this month. There are currently 102 home listings under contract. At this time last month, there were only 71 under contract properties. This is the highest monthly total since November.…